BrightEnd Consultants

29/12/2024

Tax amnesty is back , make use of this period to be compliant as all interests and penalties get to be waived upto the period ending 31st December 2023 going backwards.

26/01/2024

Advisory from to its members

12/01/2024

Take note of the changes in new NSSF contribution for both employee and employer from February 2024 , lower cadre will contribute 420/- up from 360, while upper limits changes from 1080/- to 1740/-

28/11/2023

All businesses kindly be informed that operation of your business is not going to be as usual, kindly onboard eTIMS for processing of your sales Invoices.

For Professional Assistance You can reach us via 0754497305

08/11/2022

Those banned include popular Toyota models Wish, Vitz, Probox and Fielder, Honda, Suzuki, Mazda and Nissan.

03/10/2022

All employers are duly reminded that effective April 2022 ,You are required to pay NITA levy for all your employees and casuals at a rate of 50/- per employee/casual on the unified Payroll on itax platform and should be paid by 5th of the subsequent month.

We offer Payroll Management Services at very affordable rate reach us on 0723497305/0754497305 for further deliberations.

13/01/2021

Businesses at Risk as Govt Issues Deadline to Owners
By JOHN MBATI on 13 January 2021 - 7:35 am

Business owners have 18 days to provide information about directors and shareholders or risk being deregistered or losing their licenses.

The Business Registration Services (BRS) issued a notice to business owners to provide a list of beneficial owners by January 31 as the government moves to curb corruption, money laundering and terrorism.

Companies that fail to adhere to the directive will face disciplinary actions as stipulated under Section 93A of the Companies Act 2015.

The act requires companies to submit a copy of the Beneficial Ownership Register within 30 days of its preparation and notify the Registrar within 14 days of any change in Beneficial Ownership information.

It further dictates that if a company fails to comply with this requirement, the company, and each officer of the company who is in default, commit an offence and on conviction each liable to a fine not exceeding Ksh 500,000.

If following conviction the company continues to fail to comply, the company and each of its officers in default commits a further offence on each day of which the failure continues and on conviction are liable to a fine not exceeding Ksh 50,000 for each such offence.
“To enable companies to comply, the Service (BRS) will grant a grace period up to January 31, for preparation of Beneficial Ownership registers.

"A Beneficial Ownership E- system manual is available on the BRS system portal to guide users,” BRS Director-General, Kenneth Gathuma said.

In March 2020, the Director of Public Prosecutions, Noordin Hajji, ordered five local banks to pay nearly Ksh 385 million for violating anti-money laundering laws.

The government has also pushed through new finance laws and regulations to curb the movement of illicit money, proceeds of corruption and terrorism financing.

24/12/2020

From us at BrightEnd is just to say thank you for the business opportunity.

22/09/2020

Car dealers be informed.

06/08/2020

KRA issues deadline on tax defaulters’ interest waiver
THURSDAY AUGUST 06 2020


Individuals and businesses have until end of this month to apply for amnesty on defaulted taxes or risk seizure and auctioning of their property.

The Kenya Revenue Authority (KRA) last week said the affected, who owe an estimated Sh250 billion in tax arrears, have up to August 30 to apply for the waiver on penalties and interest.

Businesses and individuals seeking waivers must meet the requirements in line with the Tax Procedures Act of 2015 that gives KRA’s Commissioner of Domestic Taxes power to forego penalties and interest.

Under the law, individuals and businesses must provide proof of financial distress that show inability to pay the penalties or interest accrued or prove that KRA erred in slapping them with the fines.

Waiver applications system

“KRA has finalised the roll-out of the system enhancements for processing of the waiver applications and has embarked on clearing the backlog of the applications,” said a notice by Elizabeth Meyo, KRA’s Commissioner for Domestic Taxes.

“The applicants will be required to submit supporting evidence for each application within a period of 30 days from the date specified in the aforementioned communication.”

KRA warned that it will demand full payment of the penalties and interest accrued by individuals and businesses who fail to submit supporting evidence for the waivers ahead of the August deadline.

The taxman had last year said it had identified tax cheats as it intensified efforts to smoke out defaulters in its race against time to stem its perennial missed collection targets.

Curtsy
[email protected]

21/06/2020